Suez Canal, Panama Canal’s Economic Zones Sign Cooperation Deal

CAIRO, Jun 15 (NNN-MENA) – The Suez Canal Economic Zone (SCZone) in Egypt, and the Colon Free Zone (CFZ) in Panama, have signed here, an agreement to promote cooperation, the SCZone said, in a statement yesterday. “The agreement aims at exchanging information, to lure investors, benefit from available human expertise…

Petrol Prices Up For 11th Time In Vietnam This Year

HANOI, Jun 14 (NNN-VNA) – Petroleum prices in Vietnam have set a new record, after being adjusted up for the 11th time this year. From yesterday, the price of RON95 bio-fuel per litre was raised by 797 Vietnamese dongs (around 0.034 U.S. dollars) to a record-high 32,375 Vietnamese dongs. The…

Pakistani Foreign Minister Visits Iran

ISLAMABAD, Jun 14 (NNN-APP) – At the invitation of Iranian Foreign Minister, Hossein Amir Abdollahian, Pakistani Foreign Minister, Bilawal Bhutto Zardari, is visiting Iran from today to tomorrow, Jun 15, said the Pakistani Foreign Ministry, yesterday. During his official visit to Tehran, Zardari will hold a detailed exchange of views…

Indian Rupee Falls To New Record Low Against USD

MUMBAI, Jun 14 (NNN-PTI) – The Indian rupee touched a new record low yesterday, against the U.S. dollar, as fears of a sharp rate hike by the U.S. Federal Reserve hit the currency of Asia’s third-largest economy. The Indian rupee touched a lifetime low of 78.29 to the dollar, while…

Export Ban Not The Answer To Consumer Goods Price Hike In Malaysia – World Bank Economist

KOTA KINABALU (Sabah, Malaysia), June 13 (NNN-Bernama) — Banning exports is not the answer to consumer goods price hike in Malaysia and it must not be seen as a long-term action to resolve the problem, said World Bank Group lead economist Dr Apurva Sanghi. He said although the move can put a (degree…

Syrian PM Urges Quicker Repair Of Damascus Airport Following Israeli Strikes

DAMASCUS, Jun 13 (NNN-SANA) – Syrian Prime Minister, Hussein Arnous, yesterday urged a quicker repair of the damage, caused by the latest Israeli missile strikes to the airport of the capital, Damascus. Arnous made the call during his visit to the airport, where he was briefed on the damage to…

WTO’s 12th Ministerial Meeting Opened In Geneva

GENEVA, Jun 13 (NNN-AGENCIES) – The World Trade Organisation’s (WTO), 12th Ministerial Conference (MC12), opened yesterday at WTO headquarters in Geneva, Switzerland. During the four-day meeting, members will hold discussions on such issues as TRIPS (Trade-Related Aspects of Intellectual Property Rights) waiver, for COVID-19 vaccines, pandemic response, fishery subsidies, agriculture,…

Afghanistan Injects 11 Million USD To Stabilise Local Currency

KABUL, Jun 13 (NNN-ANA) – Afghanistan’s central bank injected 11 million U.S. dollars into the local market, in a bid to strengthen the national currency, afghani, Da Afghanistan Bank (DAB) said, yesterday. DAB was requesting all eligible banks, foreign exchange and monetary service providers, to participate in the auction, scheduled…

Philippine Peso Remains Stable As Asia Recovers From Pandemic

MANILA, Jun 12 (NNN-PNA) – The Philippine peso continued to be in the middle of the pack of the most stable currencies in Asia, as the region is recovering from the pandemic, the Philippines’ Department of Finance (DOF) said, today. DOF chief economist, Gil Beltran, said, the peso depreciated by…

Bangladesh Appoints New Central Bank Governor

DHAKA, Jun 12 (NNN-BSS) – The Bangladeshi government, yesterday, appointed Abdur Rouf Talukder, as the country’s new central bank governor. Talukder, who is currently serving as senior secretary, at the Finance Division of the Ministry of Finance, will become the new governor of the Bangladesh Bank for the next four…
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